Aluminum MMI®: Aluminum Price Lawsuit Against LME, Wall Street Tossed Out

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This week the London Metal Exchange and several Wall Street banks saw an aluminum price lawsuit by purchasers thrown out by a Federal Judge in New York.

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US District Judge Katherine Forrest in Manhattan rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs Group Inc., JPMorgan Chase & Co., Glencore Plc, and Hong Kong Exchanges and Clearing Ltd., which owns the London Metal Exchange.

Forrest said she will issue a decision later involving other defendants, including Detroit-based warehouse operator Metro International, which Goldman once owned.

 

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